Michael Burry’s Scion Asset Management Terminates SEC Registration, Investor Eyes ’Better Things’
Michael Burry, the investor famed for his prescient bet against the U.S. housing market and portrayed by Christian Bale in "The Big Short," appears to be pivoting away from his bearish legacy. Scion Asset Management, Burry's firm, recently terminated its registration with the SEC, signaling a potential shift in strategy. Burry hinted at this MOVE in a cryptic X post: "On to much better things Nov. 25th."
The development follows Burry's recent high-profile bearish options bets against major stocks and public skepticism toward hyperscaler business models. His Cassandra-like reputation—named after the mythical seer cursed to be disbelieved—has made his moves a bellwether for contrarian investors. While Scion did not respond to inquiries, the deregistration suggests Burry may be stepping back from traditional asset management.
